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Top StoriesItalian Watchdog Fines Online Retailer Ynap More Than $5 Million
BusinessHow Financial Institutions Navigate and Conquer Challenges in Program Management
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Top StoriesPortugal Approves New Vetting System After String of Hiring Scandals
Ericsson’s Provision for U.S. Probe Hints of Smaller Fine, Shares Jump
Date: January 13, 2023
STOCKHOLM (Reuters) – Ericsson said on Thursday it would book a 2.3 billion Swedish crown ($220 million) provision for an expected fine from U.S. authorities for the breach of a settlement reached in 2019. Ericsson’s share price surged 7.7% in afternoon trading, as analysts had expected a larger fine similar to the $1 billion it...
What’s Next for Banking-As-A-Service, Crypto, and Fintechs
Date: January 11, 2023
By Gene A. Grant II, LevelField Financial CEO For the over thirty years since I started my very first job on Wall Street, I have watched the banking and financial markets evolve. For many of those years I held roles managing change within global banking institutions, and the lesson most impressed upon me is that...
Are Employers Obligated to Provide Pay Stubs for Employees in the Usa?
Date: January 10, 2023
Pay Stubs are a critical part of payroll management because they prove that the employer and the employee agree about the pay structure. Labor laws require all employers to keep a detailed record of their employee’s basic employment information, such as full names, addresses, social security numbers, employment status, and wages. But there is no...
EU Commission Approves Delay in Medical Devices Law to Avert Shortages
Date: January 6, 2023
LONDON (Reuters) – The European Commission said on Friday it approved delaying the deadline for companies to comply with a new law regulating medical devices in order to prevent shortages of lifesaving equipment. The proposal now must be adopted by the European Parliament and Council through an accelerated process, the EU executive said in a...
Mercedez-Benz to Deploy Advanced Automated Driving System in Nevada
Date: January 6, 2023
By David Shepardson (Reuters) -The Nevada Department of Motor Vehicles (DMV) said on Thursday that German carmaker Mercedes-Benz can deploy advanced automated driving systems on its roads after it completed a self-certification. The automaker said the Nevada DMV approved its application and is preparing the certificate of compliance that will be issued within the next...
Germany’s BaFin Tells Eurex Clearing, Clearstream to Clean up Organisational Deficiencies
Date: January 6, 2023
FRANKFURT (Reuters) – Germany’s financial supervisory authority (BaFin) said on Thursday it has ordered clearing house Eurex Clearing and digital securities processor Clearstream Holding to remedy organisational deficiencies. The order, which was sent to the companies at end of November, was to “ensure proper business organization” following a breach of requirements, BaFin said in a...